Jardine Lloyd Thompson Group plc (JLT) has recorded revenues of GBP 1.386 billion in 2017, up 10% y-o-y, while the underlying profit before tax reached GBP 191.5 million, up by 11% y-o-y, the preliminary results announced by the Group show.

Net profit of insurance retail business of VTB Group in 2017 increased by 65.6% and amounted to RUB 20.4 billion (~ EUR 296.22 million) against RUB 12.2 billion in 2016 (~ EUR 191.19 million), as reported by the Group.

Foreign interest in charter capital of Russian insurers amounted to 11.29% as of 01.01.2018, according to the annual report of the Central Bank. Thus, total capital owned by foreign investors at the same date amounted to RUB 24.4 billion (~ EUR 0.35 billion).

The 4th Edition of the European Consumer Protection Conference brings into debate, through high-level speakers, the current European regulatory and economic landscape, as well as digitalization and the impact of technological advances in the field of financial services.

The "Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia" Conference will discuss the technical aspects and characteristic features of drought and livestock disease insurance programs. Representatives of Munich Re and TARSIM will share their own first-hand experience in drought crop insurance.

Zurich has entered into an agreement to acquire the operations of Australian insurer QBE in Latin America. Zurich will also build incremental scale in Brazil, Colombia and Mexico and become a top three insurer in Ecuador.

Reinsurer Swiss Re annouced its aggregate FY2017 net income decreased by about 90% to USD 331 million (vs. USD 3.56 billion a year before), as a result of the large natural catastrophes, while the Group GWP was USD 34.77 billion vs. USD 35.62 bilion in 2016.

GWP of SBERBANK Life Insurance (based on a preliminary report) exceeded RUB 102 billion in 2017 (~ EUR 1.48 billion) which is 76.5% more than in 2016 in local currency, or 63.5% considering GWP figures denominated in euro. Total claims amounted to RUB 5.3 billion.

XL Catlin has appointed Claudia THYME to the role of Director Emerging Markets Development. In this role, she will contribute to driving and executing XL Catlin's emerging market strategies, with a particular focus on Latin America.

The insurance broker and risk consultant JLT Specialty - part of of Jardine Lloyd Thompson Group plc (JLT), said it expands its M&A Business with tax appointment, while the former Head of European Life Science Practice at Swiss Re and MARSH will lead JLT Life Science in Europe.

The use of technology in support to better services and operational efficiency, as well as the future challenges in the Green Card system are just a few of the topics analyzed by international insurance professionals at the "IIF 2018 - MOTOR INSURANCE - the innovation challenge" Conference.